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Oddlot

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Oddlot

Re: None

Monday, 08/05/2019 2:47:04 PM

Monday, August 05, 2019 2:47:04 PM

Post# of 37916
So, why was the low 2915 on Fri?? Possibly, because at that level the slope of the 216 day MA flips from up to down (actually, a 9ma of that level).

So, what? A major cycle is 216days/43weeks. The point at which an MA equal to half length of cycle is makes the slope change is HALF of the distance from peak to trough. So 3025 to 2915 is 110; 2915 - 110 is 2805. So the 432day, 1.66yr cycle is expected to bottom near that point.
Oddlot

Stay on the right side of the cycle!

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